The Baltic Dry Index Dry cargo fixture summary - 21 June 07

Dry cargo fixture summary - 21 June 2007

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BDI Baltic Dry Index 5672 UP 234

BCI Baltic Capesize Index 7345 UP 576

BPI Baltic Panamax Index 5807 UP 203

BSI Baltic Supramax Index 3990 UP 8

BHSI Baltic Handysize Index 1881 DOWN 1

Timecharter

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'Alpha Era' 2000 170387 dwt dely Yantai 1/5 July 4/6 months trading redel

worldwide $85000 daily - EDF

'Jin He' 2006 77250 dwt dely psg Passero 21/22 June trip via NCSA redel

Skaw- Passero $53000 daily - Cobelfret

'Double Happiness' 2005 76602 dwt - <reported 20/06 EC Australia round -

business has failed>

'Amapola' 2002 76598 dwt - <reported 20/06 EC Australia round - business

has failed>

'Million Trader 2' 2004 76466 dwt - <reported 20/06 EC Australia round -

business has failed>

'Medi Rotterdam' 2002 75735 dwt dely Kaoshiung 25 June/1 July trip via

Indonesia redel Japan $47000 daily - Dreyfus

'Seaguardian' 1999 75462 dwt dely Cape Passero 25/30 June trip via Brazil

redel China $55000 daily - cnr

'Yuan Zhi Hai' 2005 74500 dwt dely North China 25/30 June 15/17 months

trading redel worldwide $41750 daily - HMM

'Amira' 2001 74401 dwt dely Porto Vesme 5/10 July 3/4 months trading

redel worldwide $50500 daily - cnr

'Coronis' 2006 74381 dwt dely Cape Passero 27/29 June trip via Kamsar

redel Aughinish $52000 daily - Aughinish

'Nicos L' 2002 74000 dwt dely Kashima spot 4/6 months trading redel

worldwide $43750 daily - CTP

'Tai Profit' 2001 73105 dwt dely Hong Kong 3/7 July 11/13 months trading

redel worldwide $43500 daily - HMM

'Agios Efraim' 1998 73018 dwt dely Taiwan spot trip via East Coast

Australia redel Japan $41000 daily - NYK

'Theofylaktos' 1995 72515 dwt dely Taichung 21/28 June period until 20

Dec/20 Jan redel worldwide $43500 daily - Armada

'Birthday' 1993 70740 dwt dely Pusan 20/22 June trip via Nopac redel

Singapore- Japan $41000 daily - Dreyfus

'Matilde Corrado' 2001 69998 dwt dely Continent 10/30 July 5/7 months

trading redel worldwide $47500 daily - Armada

'Star Phoenix' 2004 56042 dwt dely aps Santos 15/20 July trip redel

Singapore- Japan $42500 daily + $600000 bb - cnr

'Josco Yangzhou' 2006 55621 dwt dely Shanghai 1/5 July 5/7 months trading

redel worldwide $42750 daily - MUR

'Vela' AWB relet 2007 53500 dwt - <reported 20/06 trip redel Med -

business has now failed>

'Casta Diva' 2006 52415 dwt dely Japan 25/30 June 4/6 months trading

redel worldwide $41500 daily - STX Pan Ocean

'Florence' 2007 52300 dwt dely Vietnam 22/30 June 3/5 months trading

redel worldwide $40250 daily - Atlas - <recent>

'Marylisa V' 2003 52174 dwt dely Recalada 26/30 June trip via East Coast

South America redel Singapore-Japan $50250 daily + $775000 bb - Dreyfus

'Jin Rong' 2000 50236 dwt dely Far East 25/30 June 16 months trading

redel worldwide $35500 daily - SK Shipping

'Jin Qiang' 1998 47324 dwt dely Houston 1/5 July trip redel Med-Black Sea

approx $57000 daily - Armada

'Zhong Hai' 1999 45189 dwt dely Point Comfort 20/25 June trip via USGulf

redel West Coast South America approx $53500 - Clipper - <recent>

'Bei Hai' 1995 45000 dwt dely South China 23/25 June trip via West Coast

Australia redel Singapore-Japan approx $37500 daily - Clipper

'Progress' 1984 41098 dwt - <reported 20/06 - rate is incorrect>

'Navision Logger' 1986 27652 dwt - <reported 20/06 dely 50/60 days

trading - business has failed>

Ore

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'China Prosperity' 150000/10 PDM/Qingdao 20/30 July $43.45 fio

scale/30000 - Cetragpa

'Iron Baron' 150000/10 PDM/Beilun+Shanghai 10/20 July $44.75 fio

scale/30000- 20000 sc - Transfield

'Cape Heron' 150000/10 Dampier/Qingdao 30 June/9 July $16.75 fio

scale/30000 - Shagang

Coal

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'Cape Merlin' 1994 140000/10 Puerto Bolivar/Gijon 24 July/2 August $22.80

fio scale/25000sc - EDP